After my divorce I started a new job that had an Employee Owned Stock Option ( ESOP) program. I was told about it at the interview. I didnt pay much attention as Id heard all about these fabulous programs and so many more like them from so many jobs Id had over the years and never saw a penny.
I worked there for 2 1/2 years then left
Six months after I left I got a phone call from one of the women I used to work with to tell me the company had been sold and had I gotten my ESOP statement. I hadnt so I decided to call the company and find out how much I was getting as I had only been eligible for 6 months when I left.
I figured probably a couple of grand and as it was close to Christmas I decided to take the tax hit, cash it out and do Christmas for my kids.
I phoned and asked, they told me. I remember shouting down the phone, that cant be right, you have the decimal point in the wrong place
.
They sent me a statement and, nope, they hadnt got it wrong. I had just been handed a totally free $162,000.
I couldnt believe it, 6 months Id been eligible for a program I didnt believe in, never made a contribution to and never thought anything about and I got that much money.
I put the bloody lot in a pension fund as I didnt have one and old and poor in this country doesnt appeal to me.